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Council delays ambulance refinancing decision pending additional quotes
Summary
Councilors heard refinancing options for ambulances 716 and 717 and voted to keep the issue under 'unfinished business' after asking for a five-year comparable quote; the item will return for further consideration.
Councilors revisited ambulance refinancing options previously presented by Jeff Smell of Country Roads Leasing. The record contrasts the town's current WesBanco financing at 5.5% for five years with a Country Roads quote that included 4.85% for eight years; councilors asked Smell to provide a comparable five-year quote for evaluation.
After discussion about outstanding financing issues and a relatively small rate difference, Councilor Rick Lafferty moved to keep the refinancing item on the unfinished-business list and revisit it in a few months. Councilor Charlene Louk seconded the motion, and the council voted unanimously to postpone further action.
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